Form 130 to replace Form 16 from FY27: How the new salary TDS certificate is expected to work
For decades, Form 16 has been a familiar part of every salaried employee’s financial life in India, the annual certificate from employers detailing salary income and the tax deducted at source (TDS). But that long-standing system is now set for a major overhaul. FY 2025-26 will mark the final year of Form 16. Beginning tax…
